Babcock wins frigate deal as UK bids to restore shipbuilding industry

LONDON (Reuters) - Babcock International won a contract to design new Type 31 frigates on Thursday as Britain seeks to revive its once-mighty shipbuilding industry.The frigates will be assembled at Babcock's facility in Rosyth, Scotland, and the programme will support over 2,500 jobs across the Britain, including its supply chain.The deal will boost Babcock's efforts to repair ties with investors after a period when the engineering group's management and stock price came under fire. Its shares..